Mises Wire

Wal-Mart or War-Mart?

Wal-Mart or War-Mart?
  • What’s bigger? Wal-Mart or the US Army? Truck&Barter notes that Wal-Mart is in the lead with 1.4 million employees, whereas the US Army has 706,147. Unfortunately, the US government overall leads as the largest US employer.
  • Business to Lenders: Drop Dead (CNN.com): “Though interest rates are still low, credit terms are easy, stock prices are rising and optimism about the economy is high, many businesses still aren’t borrowing money, according to recent bank loan data.”
  • Iraq’s Economy Fell by 50% in 3 years (BBC): Starving and bombing a country tends to do that.
  • Will France Scrap the 35-Hour Work Week? (OpinionJournal.com): “Prime Minister Jean-Pierre Raffarin has just re-opened debate on the more-for-less policy introduced by the Socialists in 1998. The French came up with it five years ago while looking for a way to reverse a then-unemployment rate of 13% without loosening France’s notoriously inflexible labor markets. Labor Minister Martine Aubry’s answer was to make them more inflexible...”
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